Programme Controls Webinar – Commercial Assurance

Document type: Video
Author: Richard Wood BSc MRICS
Publication Date: 15/11/2016

  • Abstract

    This was the seventh in a series of Crossrail Learning Legacy webinars focused on Project and Programme Management hosted by our partners at the APM. This was the final webinar of the series.
    The scope of Commercial Assurance spans across the Crossrail Programme, with a particular focus on contracts where Crossrail had directly engaged main contractors. Commercial Assurance reviews are focused on assessing, supporting and ultimately assuring that the delivery teams and Tier 1 suppliers working across the Programme are operating to a level of commercial performance that will enable cost and commercial objectives to be met – the principal being the achievement of value for money and predictability.
    A programme controls approach was needed to integrate commercial management information to support decision making by the leadership team. A periodic Programme Controls Working Group meeting, combined with commercial data and trend analysis, facilitated a good understanding of commercial performance across each of the programme controls functional areas. This effectively highlighted areas of commercial risk, enabled the targeted deployment of functional specialists to undertake further assurance work, and improvement action plans to be developed.
    This webinar outlines how commercial indicators can be used to better profile commercial risk to inform more effective management action and intervention. It will be relevant to any project developing and setting up an approach to measuring commercial performance, or developing initiatives to improve commercial performance during the delivery phase.

  • Authors

    Photo of Richard Wood

    Richard Wood BSc MRICS - Crossrail Ltd, Turner & Townsend

    Associate Director – Turner & Townsend

    Head of Cost and Control, Crossrail

    Richard has over 10 working on the UK’s major infrastructure projects and programmes, including leading an integrated cost and controls managed service on the £2.5bn T2 redevelopment scheme at Heathrow, and played a key role in establishing cost and controls processes on their £3bn Q6 programme.  Richard has worked on Crossrail since 2014, and has held several positions over this time, including Head of Commercial Assurance and Head of Performance Assurance. Richard took on the role of Head of Cost and Controls in March 2017.

  • Partners